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The Financial Services and Markets Authority (FSMA) issued a warning against the Privilege Trading in June 2011, a broker that offers extremely risky investment instruments to the public in Belgium without complying with the Belgian financial legislation. Privilege Trading is not an authorized investment firm and not allowed to provide banking and/or investment services in or from Belgium.
Furthermore, this company offers, i.e. forex products, are speculative and very risky. Investors in these products run the risk of losing the entire sum invested. The FSMA had, moreover, warned of the risks associated with speculative transactions in foreign currencies (forex).
The FSMA hence warned all the traders to be cautioned before using any financial services or trading platform offered by Privilege Trading.
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